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Country Report Libya 2nd Quarter

  • ID: 5351745
  • Country Profile
  • June 2021
  • Region: Libya
  • The Economist Intelligence Unit
Libya's economy is heavily dependent on its hydrocarbons industry, which accounts for more than three-quarters of output. Political instability, ongoing sporadic conflict and the internationalisation of Libyan politics undermine the country's attractiveness to investors.

Elections-planned for December 2021-will ease some political uncertainty, but political volatility and lax security will persist to some degree throughout the 2021-25 forecast period. A new unified executive authority will remain in power until the elections.

The initial policy focus will be on offsetting economic disruptions caused by the pandemic. Policy progress and economic stability will rely on an improvement in Libya's security situation and a strengthening of institutions, and is unlikely in the short term.
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Country Report Libya 2nd Quarter

Briefing sheet
Political and economic outlook
Key changes since February 23rd
The month ahead
Major risks to our forecast

Outlook for 2021-25: Political stability

Outlook for 2021-25: Election watch

Outlook for 2021-25: International relations

Outlook for 2021-25: Policy trends

Outlook for 2021-25: Fiscal policy

Outlook for 2021-25: Monetary policy

Outlook for 2021-25: International assumptions

Outlook for 2021-25: Economic growth
The impact of the coronavirus: vaccine rollout and its impact on Libya
Economic growth

Outlook for 2021-25: Inflation

Outlook for 2021-25: Exchange rates

Outlook for 2021-25: External sector

Outlook for 2021-25: Forecast summary

Data and charts: Annual data and forecast

Data and charts: Quarterly data

Data and charts: Monthly data

Data and charts: Annual trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Population
Main towns
Climate
Weather in Tripoli
Language
Measures
Currency
Time
Public holidays

Political structure
Official name
Form of state
Head of state
Executive
Legislature
Key ministers (GNA)
National Oil Corporation chairman
Central bank governor
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